Louisville KY Short Sales

Many things have changed in the real estate market recently and it can be a bit intimidating for a buyer. But if you understand a few key concepts, you are can be in the driver’s seat for a great deal on your next property.  One type of property sale you definitely want to understand is the short sale. 

View all Short Sales Below

If you want a home in the Louisville area, a short sale might be the right way for you to go.  A short sale refers to a property sale that provides the lender with less money than currently owed by the borrower.  It’s an agreement between the seller (borrower) and his/her lender that can prevent the home from going to foreclosure.Louisville Short Sales

A short sale can provide you with a once in a lifetime opportunity to buy a home at a bargain price.  This might mean more square footage, a better location or higher quality construction than you might otherwise find.  There are some distinct advantages of a short sale over foreclosure too.

Short sale homes are often in better condition than foreclosures because the previous owner sought to sell before they defaulted. That often means they have done a better job maintaining their home until they listed the property too.

How can you ensure that the short sale property that interests you is in good condition? Make a successful home inspection by a reputable firm part of your offer on the home.  Be aware that the lender may be in too much of a hurry for this, but the purchase price will often be low enough to make your risk worthwhile.

If you want to purchase a home in this favorable market, a short sale may well get you much more house for your money. Know the risks. See professional advice and you may well be in your dream home before you know it.

These Louisville Short Sales are updated every day from the  Louisville KY MLS. If you would like more information on any of these Louisville Short Sales for sale, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Short Sales come on the market.

4 Properties
$200,000
Subdivision: Bashford Manor Gard
3
Beds
1
Baths
1,750
Sq.Ft.
1955
Year Built
8
Days on Site
1591384
MLS
This home is a short sale. Agents read agent notes before showing. Property Sold As Is
Under Contract
2807 Blevins Gap Rd Louisville, KY 40272
3
Beds
2
Baths
1,324
Sq.Ft.
1974
Year Built
53
Days on Site
1577401
MLS
Short Sale. Here is an opportunity to own a home on .75 acres with a 2.5 car garage AND a pole barn with concrete floor! Exterior vinyl on home and roof are 6 years old. Living room with coat...
2
Beds
1
Baths
720
Sq.Ft.
1940
Year Built
162
Days on Site
1579117
MLS
Price reduced! Needs some TLC. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not...
Under Contract
905 S 45Th St Louisville, KY 40211
3
Beds
1
Baths
975
Sq.Ft.
1949
Year Built
51
Days on Site
1587538
MLS
3 Bedroom/1 Bath Ranch. Sold AS-IS. This is a short sale and is subject to 3rd party approval.
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